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In Panama a new constitutional ruling prevents outsourcing of tax collections to private natural and legal persons, repealing a presidential decree.

The Supreme Court (CSJ) declared as unconstitutional paragraph 3 and subsequent paragraph of Cabinet Decree 109 of May 7, 1970 that allowed the public function of tax collections to be carried out by private individuals and corporations, which was aimed at monitoring the collection of taxes.

In 2016 the Latin American forum that brings together over 500 companies from the service industry will be held in San Jose.

From a statement issued by the Ministry of Foreign Trade of Costa Rica:

San Jose, Costa Rica, November 26, 2015: The Ministry of Foreign Trade (COMEX), the Foreign Trade Promotion Office (PROCOMER) and the Costa Rican Coalition for Development Initiatives (CINDE), announced that the IDB has named Costa Rica as the host for 2016 for one of the most important events in Latin America for the corporate services industry: "OUTSOURCE2LAC". The decision was made official last week, during the fifth edition of the forum, held in Guadalajara, Mexico.

There has been an increase and there are now 122 international companies which have invested in the operation of 140 shared services in different categories.

Currently the export of computer services, management and other business functions make up 5.8% of Costa Rica's Gross Domestic Product (GDP). In the last 15 years, exports of value-added services increased from 12.1% of total exports to 47.5%, as estimated by the Costa Rican Coalition for Development Initiatives (CINDE).

The Ministry of Health is evaluating whether to use private companies to outsource the service of distributing medicines for public hospitals.

Due to the lack of capacity to supply medicines to national hospitals, the Health Ministry has said it plans to privatize the distribution process of the drugs. In order to realize this project they argue that it is necessary to remove central storage and update the basic list of medicines.

Between 2009 and 2013 the revenues generated by the sector which outsources business services increased from $225 million to $650 million at the end of 2013.

For the development of this industry to continue "... Invest in Guatemala together with other institutions has designed a strategy with a vision for 2020 ", with the aim of achieving, over a period of five years, the generation of $2.3 billion in services and thus contribute 3.57% to the gross domestic product (GDP).

There is growing confidence by businesses to delegate to specialized companies the storage, management and distribution of their inventory.

Another service offered by companies that focus on managing inventories for third parties is the labeling of products to help companies promote their products in the market. This trend of outsourcinginventory management is on the rise in Costa Rica, allowing companies to "... make up for capacity gaps in logistics processes, make fixed costs variable once again and improve sales."

Companies prefer to hire private guards or outsource transportation of goods instead of purchasing insurance, sales of which fell by 38% between January and October compared to to the close in 2013.

According to the American Federation for Transport (Fecatrans), only 20% of their members have insurance against damage, theft or loss, because it raises costs which must then be transferred to the final price, meaning that the majority only take out insurance for third party damage in order to keep prices at competitive levels.

The Supreme Electoral Tribunal of Costa Rica is putting out to tender the implementation, and maintenance of a Customizing Center For Identity Documents.

The purpose of this project is the implementation, start-up and sustainability of a Center for Customizing Identity Cards in the headquarters of the TSE , allowing the issuance of identity cards, according to safety requirements and TSE quality standards, taking into account the fact that the TSE is ISO 9001:2008 certified. Under this scheme, the eventual contractor would have an important role in the operation process, however , it is clear that the ultimate responsibility and control of the identity personalization process will be the TSE.

OUTSOURCE founded in 1998, is part of a business group focused on providing management services for business processes that include outsourcing
Operates in El Salvador, Guatemala, Honduras and Panama
Phone: (504) 252 4487 - (504) 263 1176